Report Update Nov 1, 2024

Iraq - Safety Fuses, Detonating Fuses and Electric Detonators - Market Analysis, Forecast, Size, Trends and Insights

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Iraq: Fuse And Detonator Market 2024

Fuse And Detonator Market Size in Iraq

In 2021, the Iraqi fuse and detonator market decreased by -76.7% to $X, falling for the third year in a row after two years of growth. In general, consumption recorded a sharp reduction. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Fuse And Detonator Exports

Exports from Iraq

After two years of decline, overseas shipments of safety fuses, detonating fuses and electric detonators decreased by 0% to X kg in 2017. Over the period under review, exports faced a sharp slump. The smallest decline of 99.9% was in 2015. The exports peaked at X tons in 2014; however, from 2015 to 2017, the exports failed to regain momentum.

In value terms, fuse and detonator exports stood at $X in 2017. Overall, exports recorded a precipitous decline. The smallest decline of 99.9% was in 2015. The exports peaked at $X in 2014; however, from 2015 to 2017, the exports remained at a lower figure.

Exports by Country

Montenegro (X kg) was the main destination for fuse and detonator exports from Iraq, with a approx. 100% share of total exports.

From 2014 to 2017, the average annual growth rate of volume to Montenegro was relatively modest.

From 2014 to 2017, the average annual rate of growth in terms of value to Montenegro was relatively modest.

Export Prices by Country

In 2017, the average fuse and detonator export price amounted to $X per ton, stabilizing at the previous year. In general, the export price faced a dramatic curtailment. The pace of growth was the most pronounced in 2015 when the average export price decreased by 99.9%. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2017, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Montenegro.

From 2014 to 2017, the rate of growth in terms of prices for Turkey amounted to 0.0% per year.

Fuse And Detonator Imports

Imports into Iraq

In 2021, purchases abroad of safety fuses, detonating fuses and electric detonators decreased by -76.2% to X tons, falling for the third consecutive year after two years of growth. Overall, imports faced a dramatic slump. The most prominent rate of growth was recorded in 2018 with an increase of 377%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, fuse and detonator imports fell remarkably to $X in 2021. In general, imports faced a significant decline. The pace of growth was the most pronounced in 2017 with an increase of 274%. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of fuse and detonator to Iraq, with a 58% share of total imports. Moreover, fuse and detonator imports from the United States exceeded the figures recorded by the second-largest supplier, Canada (X tons), fourfold. The third position in this ranking was held by Spain (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled -23.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-21.8% per year) and Spain (-24.6% per year).

In value terms, the largest fuse and detonator suppliers to Iraq were the United States ($X), the Netherlands ($X) and Spain ($X), together comprising 74% of total imports.

The Netherlands, with a CAGR of +10.6%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average fuse and detonator import price stood at $X per ton in 2021, declining by -8.6% against the previous year. Over the period under review, the import price, however, enjoyed a mild expansion. The pace of growth was the most pronounced in 2017 an increase of 209%. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+225.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for safety fuses, detonating fuses and electric detonators in the world?

China remains the largest fuse and detonator consuming country worldwide, comprising approx. 23% of total volume. Moreover, fuse and detonator consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The third position in this ranking was occupied by the United States, with a 6.9% share.

What are the largest producers of safety fuses, detonating fuses and electric detonators in the world?

The country with the largest volume of fuse and detonator production was China, comprising approx. 24% of total volume. Moreover, fuse and detonator production in China exceeded the figures recorded by the second-largest producer, India, twofold. The third position in this ranking was occupied by the United States, with a 7% share.

What are the leading suppliers of safety fuses, detonating fuses and electric detonators to Iraq?

In value terms, the United States constituted the largest supplier of fuse and detonator to Iraq, comprising 46% of total imports. The second position in the ranking was occupied by the Netherlands, with a 20% share of total imports. It was followed by Spain, with an 8.7% share.

What is the average export price for safety fuses, detonating fuses and electric detonators in Iraq?

In 2014, the average fuse and detonator export price amounted to $53,756 per ton, remaining relatively unchanged against the previous year.

What is the average import price for safety fuses, detonating fuses and electric detonators in Iraq?

In 2020, the average fuse and detonator import price amounted to $56,426 per ton, increasing by 51% against the previous year.

This report provides an in-depth analysis of the fuse and detonator market in Iraq. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20511250 - Safety fuses, detonating fuses
Prodcom 20511270 - Percussion or detonating caps, igniters and electric detonators

Country coverage:

Iraq

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Iraq
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023